The global ”video laryngoscope“ market is set to gain impetus from the rising focus of renowned companies on manufacturing novel devices to fulfil the unmet demand for performing difficult intubations from healthcare professionals. Dilon Technologies Inc., for instance, launched CoPilot VL+ in February 2018,to help healthcare providers receive a clear view of the airway while inserting breathing tubes. This information is given by Fortune Business Insights™ in a new report, titled, “Video Laryngoscope Market Size, Share & Industry Analysis, By Product (Reusable, and Single-use); By Type (Integrated Display Models, and Cart-based Models); By End Users (Hospitals, ENT Clinics, and Others (Pre-hospital, EMS, etc.)), 2020-2027.” The report further states that the video laryngoscope market size was USD 219.7 million in 2019 and is projected to reach USD 795.0 million by 2027, exhibiting a CAGR of 17.4% during the forecast period.
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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
COVID-19 Pandemic:Ability to Prevent Transmission will Affect Growth Positively
The COVID-19 pandemic is likely to affect the market for video laryngoscope positively in 2020 because of the ability of this procedure to prevent direct contact between patients and healthcare workers. Europe PMC, for instance, published in a study that unlike the conventional laryngoscopy for tracheal intubation, this procedure reduces the risk of infectionand offers shorter intubation time in COVID-19 positive patients. Our authentic reports will help you invest in significant zones for regaining business confidence amid the pandemic.
What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
An Overview of the Impact of COVID-19 on this Market :
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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How Did We Create This Report?
Our skilled analysts have presented an elaborate picture of the global market for packaged sprouts by summation, synthesis, and study of data from various significant sources. They have also included numerous facets of the market with the main focus on determining the crucial industry influencers. Thus, the data is reliable and comprehensive. It was gathered by conducting extensive primary and secondary research.
Drivers & Restraints-
A Need to Prevent Adverse Conditions will Augment Growth
Direct laryngoscope is causingfailure in intubationrapidly worldwide. It often results in severe consequences, such as fatalities, dental damage, brain damage,dysrhythmias, laryngeal spasm,cardiac arrest, bronchospasm, and laryngeal spasm. To prevent these conditions, healthcare providers are nowadays using anesthesia video laryngoscope devices with higher visualization capabilities. It would further contribute to thevideo laryngoscope market growth in the near future.However, these devices are very expensive. Medtronic, for instance, announced that the cost of a reusable device ranges between USD 1,000 to USD 8,000. It may hamper the demand for video laryngoscopedevices.